The logo of Royal Mail is seen outside the Mount Pleasant Sorting Office as a delivery vehicle arrives, in London, Britain, June 25, 2020. REUTERS/John Sibley/Files (Reuters) – Royal Mail on Tuesday raised its revenue target for the current year, driven by a jump in online shopping parcel volumes, but …
Read More »UPDATE 1-UK Stocks-Factors to watch on Sept 8
(Adds futures, news items) Sept 8 (Reuters) – Britain’s FTSE 100 index is seen opening 5 points higher at 5,942 on Tuesday, according to financial bookmakers, with futures seen up 0.4% ahead of cash market open. * ROYAL MAIL: Royal Mail raised its revenue target for the current year, driven …
Read More »The Hut Group launches $1.22 billion London float
LONDON (Reuters) – E-commerce firm The Hut Group confirmed its intention to float on the London Stock Exchange on Thursday, in potentially the biggest listing of a British company since 2013 and the first major London listing since the COVID-19 crisis. The 920 million pound ($1.22 billion) float would value …
Read More »UPDATE 2-UK’s Royal Mail ships more parcels, fewer letters during lockdown
* Parcel volume up 38%, letters drop 33% * Says restructuring plans underway * Reiterates outlook for 2020-21 (Rewrites throughout, adds detail, shares) By Yadarisa Shabong and Pushkala Aripaka July 21 (Reuters) – Britain’s Royal Mail said its parcel shipments rose 38% in April-June as lockdowns drove a surge in …
Read More »UPDATE 1-Royal Mail ships more parcels as sales move online in lockdown
(Adds details on volumes, context) July 21 (Reuters) – Britain’s Royal Mail said on Tuesday it had shipped 117 million more parcels in the June-ended quarter than last year, as people and businesses shifted to online sales during the coronavirus-led lockdown. The company has had a turbulent few years with …
Read More »Europe Pushes to Avoid Economic Calamity By Extending Crisis Aid
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Read More »Royal Mail, CWU agree to start talks to resolve ongoing dispute
July 1 (Reuters) – Britain’s Royal Mail and its largest labour union have agreed to start talks to resolve an ongoing dispute over a range of issues including pay and operational changes, the former postal monopoly said on Wednesday. The talks with the Communication Workers Union (CWU) will also focus …
Read More »UK Stocks-Factors to watch on July 2
July 2 (Reuters) - Britain's FTSE 100 index is seen opening 30 points higher on Thursday, according to financial bookmakers. * ROYAL MAIL: Royal Mail and its largest labour union have agreed to start talks to settle a long-running dispute over pay and operational changes, the former British postal monopoly …
Read More »UPDATE 2-Royal Mail to kick off labour talks with union in bid to reconcile
* Talks to focus on 5 key areas including operational change * CWU welcomes Royal Mail’s statement * Talks come after former CEO Rico Back resigned (Adds CWU comments) By Yadarisa Shabong July 1 (Reuters) – Royal Mail and its largest labour union have agreed to start talks to settle …
Read More »Wonderful 101 Kickstarter Backers Hit With Customs Charges And Handling Fees
The Wonderful 101: Remastered Kickstarter campaign was a huge success, but admittedly the release of the game (both digitally and physically) hasn’t gone quite as smoothly. Most recently, backers located in the UK have reported being hit with import fees of about £17.00. An email we received from Nintendo Life …
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